Finland’s Velliv sees customers return up to 14.8% in 2021

Customers saving for a pension with Finland’s Velliv have seen results of up to 14.8 per cent in 2021, the provider has revealed.

Those saving in VækstPension with medium risk and at least 15 years to retire received a return of 14.1 and 14.8 per cent, dependent on whether they save in VækstPension Index, Aftryk or Aktiv.

Commenting, Velliv investment director, Anders Stensbøl Christiansen, said: “2021 was a really good year for pension customers in terms of returns. Not least the reopening of the world economy led to a very positive market in the first part of 2021.

“In the second part we have seen somewhat more turmoil and a lower return due to rising interest rates and rising inflation. That development we must expect will continue into 2022.”

Going forward, Stensbøl Christiansen, said that he expects to be at a slightly lower lower than what has been seen over the previous 10 years; a total return of 150 per cent he said was “extraordinarily good”.

“This is not least due to record low interest rates and the fact that the central banks have simultaneously sent thousands of billions into the economy. This has strengthened the stock market broadly. That is why I do not expect us to see such a high return when we look back in 10 years.”

    Share Story:

Recent Stories

An overview of growth investing
European Pensions Editor, Natalie Tuck, speaks to American Century Investments (ACI), Vice President, Senior Client Portfolio Manager, Kevin Lewis on growth investing.

They discuss how it has performed in 2021, and its outlook, going forward. They also cover ACI’s differentiated growth approach to the investment universe, and how this capitalises on market inefficiencies, as well as how ACI’s team is equipped to invest in this manner.
Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows